| View previous topic :: View next topic |
| Author |
A FUSION TRADING STRATEGY |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
Post: #556  Posted: Sun Oct 14, 2012 10:54 am Post subject: |
 |
|
| rk_a2003 wrote: | TechMahindra fulfilling Fusion Pattern Except COG.A little apprehensive about ww.
Still in case we are able to take entry on the same day of COG we can target LTL or middle B.B. |
Tech mahindra reached middle B.B and consolidating there for a while.Tighten TSL.
|
|
| Back to top |
|
 |
|
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #558 Posted: Sun Oct 14, 2012 11:35 am Post subject: Re: Apollotyres update |
|
|
Hi Chetan,
Thnx for ur Apollo update.I wasnt tracking the weekly chart of it. Hmmm shld be cautious with my longs a bit.But i personally wld have been comfortable if there was an overthrow at point5 in weekly charts for a -WW. Anyway warning signal for longs
Regarding Bharatforge i somehow like the way the pattern is being formed.Becoz this pattern reminds me of the recent Divis formation which reached its targets.Shld watch it closely and take position
Vishy
| chetan83 wrote: | | vishyvaranasi wrote: | Apollotyres Update
Booked hlf Qty as it has reached the UTL at 89.50 .Holding rest with TSL.
Vishy |
Hi Vishy,
Saw ur post on Bharat Forge now, and then I realized really how parallel we wolfers think 
Check the weekly chart of Apollo tyres......combi of both Flag and a pole + Negative wolf wave for 74, SL - 82-83 for longs, I plan to add longs only abv 90... |
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #559 Posted: Mon Oct 15, 2012 7:47 pm Post subject: |
|
|
Hi All,
In Ambuja Cements EOD it appears that a bearish Fusion trade triggered. Right now it appears that it may form a double top at point 5.Watch out. Don't have access for charts right now. Some one may please post the chart and also check for the validity of Fusion.
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #560 Posted: Tue Oct 16, 2012 9:08 am Post subject: Hi Rk |
|
|
Hi Rk,
Posting the chart of Ambujacem EOD. Is this wat ur talking about. Fusion was active from 4 days but the problem is with the long tailed red candle showing the tgt was achieved. Anyways hav a look
Vishy
| Description: |
|
| Filesize: |
39.9 KB |
| Viewed: |
240 Time(s) |
|
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #561 Posted: Tue Oct 16, 2012 9:26 am Post subject: Re: Hi Rk |
|
|
| vishyvaranasi wrote: | Hi Rk,
Posting the chart of Ambujacem EOD. Is this wat ur talking about. Fusion was active from 4 days but the problem is with the long tailed red candle showing the tgt was achieved. Anyways hav a look
Vishy |
Vishy,
Thanks for the chart.I checked it ,It is a Fusion setup.Let me know why do you think so.
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #562 Posted: Tue Oct 16, 2012 9:28 am Post subject: Hi Rk |
|
|
Hi Rk,
The Trendlines are just a bit diverging,can this be treated as an abberation and move on with the trade . Orelse its a fusion.Thats my only prob.
Vishy
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #563 Posted: Tue Oct 16, 2012 9:36 am Post subject: Re: Hi Rk |
|
|
| vishyvaranasi wrote: | Hi Rk,
The Trendlines are just a bit diverging,can this be treated as an abberation and move on with the trade . Orelse its a fusion.Thats my only prob.
Vishy |
Yes,You are right.This slight divergence is acceptable in ww.Once ww is accepted then it's fine to call it as fusion.
I shorted it at 217.20 ( Futures).Now it is 215.50, set TSL cost to cost and going away.
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #564 Posted: Tue Oct 16, 2012 9:49 am Post subject: Re: Hi Rk |
|
|
Good one RK
Vishy
| rk_a2003 wrote: | | vishyvaranasi wrote: | Hi Rk,
The Trendlines are just a bit diverging,can this be treated as an abberation and move on with the trade . Orelse its a fusion.Thats my only prob.
Vishy |
Yes,You are right.This slight divergence is acceptable in ww.Once ww is accepted then it's fine to call it as fusion.
I shorted it at 217.20 ( Futures).Now it is 215.50, set TSL cost to cost and going away. |
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #565 Posted: Tue Oct 16, 2012 10:14 am Post subject: |
|
|
| Right now UTL is acting as a resistance for Ambuja.I am expecting a minimum target of middle B.B by this week end unless index jump up 100 points.
|
|
| Back to top |
|
|
vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
|
| Post: #566 Posted: Tue Oct 16, 2012 10:23 am Post subject: Hi Rk |
|
|
Hi Rk,
Hope u remember my post of bharat forge - 60 TF for a fusion pending to fomr Point 5 a few days back. Now it hasnt formed a point 5(which we expected at 293.50,made a low of 294.40 and then went up) Now trading at 301.50. So, can we do something for issued like these or just leave them.
If, required will post u the chart again.
Vishy
|
|
| Back to top |
|
|
prst
White Belt
Joined: 24 Sep 2011
Posts: 87
|
| Post: #567 Posted: Tue Oct 16, 2012 12:51 pm Post subject: Re: Apollotyres update |
|
|
[quote="vishyvaranasi"]Hi Chetan,
Thnx for ur Apollo update.I wasnt tracking the weekly chart of it. Hmmm shld be cautious with my longs a bit.But i personally wld have been comfortable if there was an overthrow at point5 in weekly charts for a -WW. Anyway warning signal for longs
[quote="chetan83"] | vishyvaranasi wrote: | Apollotyres Update
Booked hlf Qty as it has reached the UTL at 89.50 .Holding rest with TSL.
Vishy |
i guess apollo daily still has a +WW . target not yet achieved.
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #568 Posted: Tue Oct 16, 2012 1:08 pm Post subject: Re: Hi Rk |
|
|
| vishyvaranasi wrote: | Hi Rk,
Hope u remember my post of bharat forge - 60 TF for a fusion pending to fomr Point 5 a few days back. Now it hasnt formed a point 5(which we expected at 293.50,made a low of 294.40 and then went up) Now trading at 301.50. So, can we do something for issued like these or just leave them.
If, required will post u the chart again.
Vishy |
Hi Vishy,
There was a disussion initiated by JJMregarding undershoots in WW formations and possibilities of trading them.In general it was agreed that some times undershoot can happen.But, no method/strategy is in place to trade them.So, it's left to individual traders.
If you ask me I will say yes it can be traded.
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #569 Posted: Tue Oct 16, 2012 1:11 pm Post subject: Re: Apollotyres update |
|
|
[quote="prst"][quote="vishyvaranasi"]Hi Chetan,
Thnx for ur Apollo update.I wasnt tracking the weekly chart of it. Hmmm shld be cautious with my longs a bit.But i personally wld have been comfortable if there was an overthrow at point5 in weekly charts for a -WW. Anyway warning signal for longs
| chetan83 wrote: | | vishyvaranasi wrote: | Apollotyres Update
Booked hlf Qty as it has reached the UTL at 89.50 .Holding rest with TSL.
Vishy |
i guess apollo daily still has a +WW . target not yet achieved. |
Prst,
Quite often some sort of Double Bottom /Top occurs at point 5 in ww trades. It need not be exact bottom or top some where near can happen +or -. You may watch for it to re enter in to the trade.
|
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
| Post: #570 Posted: Tue Oct 16, 2012 2:57 pm Post subject: |
|
|
| rk_a2003 wrote: | DLF UPDATE
It reached UTL and in the process of meeting middle B.B .In the changed scenario one may carry beyond middle B.B for further downside targets with TSL's( Should be as wide as possible considering the volatlity).
This DLF Weekly -WW is dedicated to Arvind Kejriwal. |
DLF middle B.B is at 210 it passed it and going down further,right nowat 208.
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
